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- Subscriptions to the Pro product were a major driving force behind this surge. In 2021, F1’s total media rights revenue reached $860 million, which rose to $936 million in 2022, accounting for over 40 percent of the sport’s revenue total.
medium.com/formula-one-forever/the-streaming-revolution-how-f1-tv-pro-is-driving-revenue-and-redefining-fan-engagement-957e170156d9The Streaming Revolution: How F1 TV Pro is Driving Revenue ...
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May 27, 2023 · Five years since the launch of F1 TV, the sport’s direct-to-consumer broadcast product is boosting its media rights revenues by attracting millions of subscribers eager to keep up with events...
- Samuel Agini
“Media rights revenue increased for the full year due to growth in F1 TV subscription revenue and increased fees under new and renewed contractual agreements, and sponsorship revenue...
Mar 1, 2023 · Media rights revenue increased for the full year due to growth in F1 TV subscription revenue and increased fees under new and renewed contractual agreements, and sponsorship revenue increased due to the recognition of revenue from new sponsors.
May 6, 2022 · Primary F1 revenue grew from $159m to $287 in Q1 2022 versus Q1 2021, due to growth across race promotion, media rights and sponsorship. Media rights also increased due to growth in F1 TV subscription revenue and fees under new and renewed contractual agreements.
- Motorsport Week
Jul 5, 2022 · Formula 1 reportedly renewed its US media rights deal with ESPN for roughly $75 million per year. The group chose ESPN's bid over offers from Amazon, Netflix, and Comcast.
Aug 5, 2022 · Race promotion, media rights and sponsorship, which forms the primary revenue stream for Formula 1, saw a 35% increase from $464m to $628m.
